Have You Heard of This Bitcoin Thing?

[LakeBTC]

Don’t go burning your cash or cutting up your credit cards anytime soon. While awareness of bitcoin and other virtual currencies is on the rise, Americans don’t seem in any hury to actually use them. The WSJ reports that a new survey, from the Conference of State Bank Supervisors and the Massachusetts Division of Banks, found that just over half of those surveyed knew of bitcoin and other currencies, yet just 3% had said they used it.

The CSBS survey was taken in May, and questioned 1,000 online consumers.

The WSJ offers up these survey findings:

…the findings aren’t surprising; men, for instance, were more likely (64%) than women (38%) to be aware of virtual currencies. Only a limited number said they’d buy or use them – 65% of the overall respondents said they were “unlikely” to ever use them. Younger respondents were more likely to have purchased bitcoins or other currencies, and Hispanics (30%) and African Americans (24%) were also more likely than whites (14%) to be willing to purchase virtual currencies.

While people in households where the income is over $100,000 were more likely to have heard of bitcoin (70%) than those in lower-income households (43%), they were less likely to say they’d purchase bitcoins (11%) than those in households with incomes of less than $100,000 (19%).

...

http://blogs.barrons.com/focusonfunds/2014/08/27/psst-have-you-heard-of-this-bitcoin-thing/

[Candystripes]

You can use em to do a ton of things, gamble, buy illegal stuff, all the fun things you can do with USD easily over the Internet

[franky1]

Don’t go burning your cash or cutting up your credit cards anytime soon. While awareness of bitcoin and other virtual currencies is on the rise, Americans don’t seem in any hury to actually use them. The WSJ reports that a new survey, from the Conference of State Bank Supervisors and the Massachusetts Division of Banks, found that just over half of those surveyed knew of bitcoin and other currencies, yet just 3% had said they used it.

The CSBS survey was taken in May, and questioned 1,000 online consumers.

The WSJ offers up these survey findings:

…the findings aren’t surprising; men, for instance, were more likely (64%) than women (38%) to be aware of virtual currencies. Only a limited number said they’d buy or use them – 65% of the overall respondents said they were “unlikely” to ever use them. Younger respondents were more likely to have purchased bitcoins or other currencies, and Hispanics (30%) and African Americans (24%) were also more likely than whites (14%) to be willing to purchase virtual currencies.

While people in households where the income is over $100,000 were more likely to have heard of bitcoin (70%) than those in lower-income households (43%), they were less likely to say they’d purchase bitcoins (11%) than those in households with incomes of less than $100,000 (19%).

i love statistics
1000 consumers. lets say 500 male 500 females
so 650 people would not use bitcoin

500 males = 320 males knew of bitcoin 180 did not
500 females = 190 females knew of bitcoin 310 did not

meaning 510 total people did know of about bitcoin
meaning 490 total people did not know about bitcoin what so ever

so out of the 510 that did know about it 140 still would not use bitcoin. and 370 would use bitcoin

summary
37% of todays population  will in "FUTURE POSSIBLY" adopt bitcoin.. sounds good to me
now if everyone atleast knew about it rather than just half the population.. then the possible adoption would be over 70%

[NotAtOld]

I heard bitcoins give you herpes.

[AllYouCanDo]

I heard bitcoins give you herpes.

It must give you a boner first.

[Gleb Gamow]

I heard bitcoins give you herpes.

It must give you a boner first.

I have been seeing a lot of cats lately. 

[RappingSniper]

I heard bitcoins give you herpes.

It must give you a boner first.

Oh, totally! A good one

[montello]

Don’t go burning your cash or cutting up your credit cards anytime soon. While awareness of bitcoin and other virtual currencies is on the rise, Americans don’t seem in any hury to actually use them. The WSJ reports that a new survey, from the Conference of State Bank Supervisors and the Massachusetts Division of Banks, found that just over half of those surveyed knew of bitcoin and other currencies, yet just 3% had said they used it.

The CSBS survey was taken in May, and questioned 1,000 online consumers.

The WSJ offers up these survey findings:

…the findings aren’t surprising; men, for instance, were more likely (64%) than women (38%) to be aware of virtual currencies. Only a limited number said they’d buy or use them – 65% of the overall respondents said they were “unlikely” to ever use them. Younger respondents were more likely to have purchased bitcoins or other currencies, and Hispanics (30%) and African Americans (24%) were also more likely than whites (14%) to be willing to purchase virtual currencies.

While people in households where the income is over $100,000 were more likely to have heard of bitcoin (70%) than those in lower-income households (43%), they were less likely to say they’d purchase bitcoins (11%) than those in households with incomes of less than $100,000 (19%).

i love statistics
1000 consumers. lets say 500 male 500 females
so 650 people would not use bitcoin

500 males = 320 males knew of bitcoin 180 did not
500 females = 190 females knew of bitcoin 310 did not

meaning 510 total people did know of about bitcoin
meaning 490 total people did not know about bitcoin what so ever

so out of the 510 that did know about it 140 still would not use bitcoin. and 370 would use bitcoin

summary
37% of todays population  will in "FUTURE POSSIBLY" adopt bitcoin.. sounds good to me
now if everyone atleast knew about it rather than just half the population.. then the possible adoption would be over 70%

A very interesting analysis but lets just keep our fingers crossed.

[Drendas]

Patience, grasshopper.

[philiveyjr]

BTC Popularity is on the rise..!! AS the prices r down..i guess more ppl will be intereste in buying them...once its stabilizes.!

[susan234]

but in China ,there is less peopel know it ,


some people know a little about the BTC,


and only know the bad side of the BTC. that the biggest problem i think now that


must  be solved is that let people understand BTC  correctly!

[johncarpe64]

People dont understand how to use it less people have heard of it and get the advantage people believe the normal money system is fine so for some there is no reason to use it for them